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Synopsis
A thorough assessment of historical and current employment trends across sectors leads to a deeper dive into complexities of jobless growth. Mapping out the strengths and weaknesses of each sector is crucial for formulating strategies to enhance job-creating potential. In addition to understanding the employment-generation capacities of different sectors, India’s low labour force participation rate (LFPR) poses a significant challenge.
5 mins read, Last Updated:
India has a problem that has been baffling economists: its GDP is growing, but without a corresponding increase in employment. With the country foraying into the next phase of demographic shift, its working-age population is set to register a massive increase. Its share in the population is projected to rise to 60% in 2041. Generating adequate and good quality jobs is of the essence to keep pace with this burgeoning population. So, why does
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